7427 S Broadway , St Louis, MO 63111
St Louis, MO 63111
Description
Established in 1757, the French settlement of Carondelet has a rich and impressive history and overlooks the Mississippi River. This 2-bldg. package features 8 apartments and 2 commercial units. The latter is leased to a long-term tenant (a church) and features a large open area with a smaller warehouse in the rear w/garage door opening into the parking lot. Apartments are mix of 6 studios and 2 1-bed units. Window AC & boiler heat included w/rent. Gas water heaters, PVC stacks. Parking in rear & on-street Roofs/gutters new '16. 7425 S. Broadway: 1-story, built in 1936, 2,774 sf. 7427-29 S. Broadway: 3-stories, built in 1896, 11,473 sf. 14,247 sf total. Nearby are restaurants like Stacked STL, a grocery store, independent businesses like Perennial Artisan Ales microbrewery, plus parks, River City Casino, and I-55. Using a pro forma $650 for the vacant units, current income is 85,380 - operating expenses of 37,735, NOI is 47,645 - an 11.34% cap rate at asking price.
Details
| Mls | 24069123 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1896 |
| Days On Site | 36 |
| Listing Provided By | Worth Clark Realty | Tammy Derrigan |
Features
| Sq Feet | 14,247 |
|---|---|
| Units | 10 |
| Acreage | 0.13 |
Market Activity 63111
Listings courtesy of Maris MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63111 |
| Area | South City |
| Community Name | Eilers |
| School District | Roosevelt High |
| Elementary School | Woerner Elem. |
| Middle School | Lyon-Blow Middle |
| High School | Roosevelt High |
| Listing VS Median (in Eilers) | |
Price: $420,000 low | high Med: $277,500 SqFt: 14,247 low | high Med: 8,557 $ / SqFt: $29 low | high Med: $38 On Site: 36 low | high Med: 72.500000 | |